Use of Financial Services, Assets: Outstanding Loans to Households at Non-deposit Taking Microfinance Institutions (MFIs) for Guinea
GINFCSMMFHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
605,000,000.00
Year-over-Year Change
273.46%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the outstanding loans to households from non-deposit taking microfinance institutions (MFIs) in Guinea. It provides insights into the use of financial services and household access to credit in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services, Assets: Outstanding Loans to Households at Non-deposit Taking Microfinance Institutions (MFIs) for Guinea series tracks the total value of loans extended by MFIs to individual households, excluding deposit-taking institutions. This metric offers a window into the availability and utilization of microfinance services within the Guinean economy.
Methodology
The data is collected through surveys of microfinance institutions operating in Guinea.
Historical Context
This trend is useful for policymakers and financial sector analysts to assess the reach and impact of microfinance programs in supporting household financial inclusion.
Key Facts
- Guinea has over 100 registered microfinance institutions.
- Microfinance loan portfolio in Guinea totaled $150 million in 2021.
- 70% of Guinean adults lack access to formal financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to households from non-deposit taking microfinance institutions (MFIs) in Guinea. It provides insights into the use of financial services and household access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and financial sector analysts to assess the reach and impact of microfinance programs in supporting household financial inclusion in Guinea.
Q: How is this data collected or calculated?
A: The data is collected through surveys of microfinance institutions operating in Guinea.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to evaluate the effectiveness of microfinance initiatives in improving household access to credit and promoting financial inclusion in the Guinean economy.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags by microfinance institutions and may not capture the full scope of informal lending activities.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Non-deposit Taking Microfinance Institutions (MFIs) for Guinea (GINFCSMMFHXDC), retrieved from FRED.